LNG market faces extended Hormuz outage, Japanese shipper says
AI Summary
A disruption in the Gulf of Hormuz has caused Asian spot LNG prices to reach their highest levels since 2022, with risks of further increases anticipated as winter approaches. The disruption was highlighted by a Japanese shipper and affects global LNG market dynamics.
The disruption has pushed Asian spot LNG prices to their highest level since 2022, with the potential for further gains as winter approaches.
World Markets Commodities Energy Shipping LNG Hormuz Asian spot prices energy disruption Japanese shipper winter demand liquefied natural gas